Fund Distribution Limited Information

Fund Distribution Limited ("FDL") is a company incorporated in England which was established to make distributions to eligible investors in relation to specified investments in zero dividend preference shares and other financial products that invested heavily in Zeros. In accordance with the Rules issued to investors in 2005, FDL made two distributions to eligible investors, 40p in the £ in May and June 2006 and 10.663p in the £ in November and December 2006. Total distributions in excess of £143.5m were paid to 24,661 eligible investors. Following payment of the Second Distribution, FDL fulfilled the purpose for which it was established. Accordingly, FDL was placed into members' voluntary liquidation (solvent) on 25 January 2007 and Patrick Jospeh Brazzill and Margaret Elizabeth Mills were appointed Joint Liquidators. It is anticipated that FDL will be dissolved from the Register of Companies by 31 December 2007. Eligible investors who have queries in relation to the payment of their distribution entitlement should contact the Liquidators at the following address; Fund Distribution Limited (in Liquidation), C/o P J Brazzill & M E Mills, Joint Liquidators, Ernst & Young LLP, 1 More London Place, London SE1 2AF or by telephone on 020 7951 2000.